Archive for the ‘Foreclosures’ Category

I recently did an on-air interview for the Wake Up Call show on KPNW with Robb Holloway and Bill Lundun where we talked about the issue of foreclosures on the Lane County Real Estate Market. Read More

Strategic Foreclosure, Right or Wrong?

It’s a sad fact that a number of us live in homes that are worth less than we owe on them. Of course that’s not how it’s supposed to work, but the housing market has done a good job of turning everyone’s expectations, and values, upside down. In an effort to escape from their underwater home (the market value is less than what’s owed on the home,) many homeowners have adapted a strategy termed “strategic foreclosure.” Simply put, through strategic foreclosure homeowners who can pay their mortgage are deciding not to do so, resulting in foreclosure. Read More

Here is a great tool to determine how long someone must wait until they are eligible to receive a loan after a short sale, foreclosure, deed-in-lieu of foreclosure and/or bankruptcy in the Eugene/Springfield area. Read More

The current Real Estate marketplace is narrowly focused on foreclosures across the country. This is true from the buyer and seller point of view but today I want to address the issue of the foreclosee, as I would guess the term would be. In other words, the person who has had their property foreclosed. Read More

Foreclosures are a huge part of the real estate market. Foreclosures and short sales often make up the majority of the sales in the Eugene/Springfield area. However, Congress is concerned about the irregularities of the foreclosure procedures being followed by many of the banks and servicing companies. Read More

Foreclosures are a problem in the Eugene/Springfield market because they are bringing the value of other homes down when they sell for less than market value. They are a problem for the neighborhoods because they are often left to deteriorate during the foreclosure process and sometimes left vacant for days or weeks or months. Now, I have encountered a new problem having to do with buying one….getting them closed. Read More